Listing ID294475
Price$550,000
StatusPending
Acres
0.320
CountyHighlands
Year Built1982
Property TypeCommercial Sale
Property Sub TypeBusiness
Rare investment opportunity! Single concrete block building with 3 commercial spaces that are currently all occupied. Use one bay to run your own business while renting the other two to produce income! Or continue renting all 3! 7.5% current cap rate with room for growth. Bay 1 is 1500SF, Bay 2 is 1500SF, and Bay 3 is 2100SF. All 3 bays have drive-thru 14 foot roll up doors on each side, 20-foot ceilings, and individual exterior fenced areas on the back side of the building for additional storage or secured parking. Each bay has its own private bathroom and office space(s). All 3 sections currently have loft space constructed. City water, sewer, and dumpster. 10 parking spaces. ONE block off of US-27 in Lake Placid. Don’t miss out on this opportunity for your own business, or adding this great investment building to your portfolio!
County
Highlands
Property Sub Type
Business
Property Type
Commercial Sale
Year Built
1982
Zoning
C1
Building Features
Clear Span, Private Restrooms
Cooling
Central Air, Electric
Flooring
Concrete
Heating
Central, Electric
Interior Features
Ceiling Fan(s), Cable TV
Levels
One
SqFt
5105
Stories
1
Architectural Style
One Story
Construction Materials
Block, Concrete
Frontage Length
100
Lot Size Square Feet
14000
Number Of Buildings
1
Parking Features
Parking Lot
Parking Total
10
Road Surface Type
Paved
Roof
Other
Sewer
Public Sewer
Utilities
Cable Available
Water Source
Public
Window Features
Single Hung
Postal City
Lake Placid
Business Type
Warehouse
Mls Status
Contingent
Property Condition
Resale
Property Sub Type Additional
Commercial
Cap Rate
7.5
Special Listing Conditions
None
Tax Annual Amount
2535
Tax Year
2022
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